JR Nagasaki Old line Nagasaki 2017-1Q
Land market report

JR Nagasaki Old line railway market report

JR Nagasaki Old line Land market overview

The average price of a sq.m Land of JR Nagasaki Old line (Kikitsu to Urakami), in Jan, 2017 to Mar, 2017 was 32,302 JPY/sq.m. The market value represents a decrease of 17,906 JPY (-35.7%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents a decrease of 17 (-63.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 279.0 sq.m (a -15.2% decrease compared to the 329.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.

0 stations have experienced increased prices; 2 stations have experienced decreased prices. The market value decreased in all stations.

The top 1 stations has seen prices increase -28.7% (-12,439 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -99.3% (-86,494 JPY/sq.m).


Breakdown of each segment

The table below shows Land dealt in JR Nagasaki Old line, in age, distance from station, and area segments. For example, we can see market trends, such as which transactions have increased more in recent years, those for newer properties, or older ones.

Segment:

※各年ごとの取引件数の割合が高いセグメントほど赤く表示

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Land stations market overview

The average price of a sq.m Land of Michinoo, the highest market value along this railway was 30,941 JPY/sq.m. The market value represents a decrease of 12,439 JPY (-28.7%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 10 (-62.5%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Urakami, the lowest market value along this railway was 583 JPY/sq.m. The market value represents a decrease of 86,494 JPY (-99.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Nagasaki Old line (Stations Land market overview)
JR Nagasaki Old lineThis year(2017)1 year ago2 years ago
Kikitsu-51,042 JPY (0.0Y/853.3sq.m)12,352 JPY (0.0Y/1700.0sq.m)
Ookusa---
Honnkawachi---
Nagayo33,780 JPY (0.0Y/147.5sq.m)-33,602 JPY (0.0Y/131.9sq.m)
Kouda69,230 JPY (0.0Y/910.0sq.m)--
Michinoo30,941 JPY (0.0Y/164.2sq.m)43,380 JPY (0.0Y/283.4sq.m)51,309 JPY (0.0Y/632.5sq.m)
Nishiurakami-55,847 JPY (0.0Y/249.2sq.m)85,714 JPY (0.0Y/192.5sq.m)
Urakami583 JPY (0.0Y/600.0sq.m)87,077 JPY (0.0Y/147.5sq.m)79,467 JPY (0.0Y/307.1sq.m)

*Average unit prices per sq.m of Land at each train station were calculated using the Utinokati database of actual market sales prices (based on surveys conducted by the Ministry of Land, Infrastructure, Transport, and Tourism of Japan). Units: JPY (Japanese Yen); parenthesis contain average age in years of building / equivalent measurement of area of real estate.

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Noteworthy stations

Michinoo30,941 JPY/sq.m (-29% compared with the previous year)

The average price of a sq.m Land of Michinoo was 30,941 JPY/sq.m. The market value represents a decrease of 12,439 JPY (-28.7%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 10 (-62.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 164.2 sq.m (a -42.1% decrease compared to the 283.4 sq.m of last year.).

Urakami583 JPY/sq.m (-99% compared with the previous year)

The average price of a sq.m Land of Urakami was 583 JPY/sq.m. The market value represents a decrease of 86,494 JPY (-99.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 600.0 sq.m (a +306.8% increase compared to the 147.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 18.5 min in 2016 and 30.0 min in 2017; +62.2%)

Breakdown of each segment

Station:   Segment:

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Utinokati, Outi Research

*If you wish to use or reproduce this data, please enter the URL (https://utinokati.com/en/) where the data will be posted. (As a general rule, prior consent is not required.) Our data is based on Ministry of Land, Infrastructure, Transport, and Tourism of Japan (actual market sales prices)